A 50 percent reduction in registration fees for domestically-assembled cars is forming part of a push to help the auto market grow in the next six months.
In June Prime Minister Nguyen Xuan Phuc issued a decree cutting registration fees for domestically manufactured cars and other vehicles by half for the rest of the year.
The outbreak of the coronavirus has had negative effects on global supply chains in the world’s automobile industry.
The Ministry of Finance has officially asked the Government to cut 50 percent of the registration fee for customers who buy locally-produced and assembled automobiles.
VietNamNet Bridge – The Government in 2013 has come up with a host of solutions to help prop up the struggling auto market but car markers only believe in a slight rise in sales volume, saying the market will still be in troubles this year.